competitiveness. First of all, labour productivity, particularly in manufacturing, grew at an outstanding rate, mainly due to FDI … other transition countries and gains in domestic productivity. As a consequence, the real exchange rate index based on unit … positive changes in relative productivity and costs. In the second half of the 1990s, Hungary's trade share on EU markets (in …

and institutional adaptations, as well as ongoing gains in labour productivity remain important for maintaining export …